3 More Signs It’s Time to Find a New JobShannon Hall
In case you missed it, we previously discussed 4 Signs It’s Time to Find a New Job. Sometimes it’s not a simple decision, and it’s important to consider your current job satisfaction very carefully. Other times the answer is obvious. Read below for 3 more signs it may be time to find a new job.
Earning Below Market Pay
It’s always a good idea to do some research when it comes to how much you’re earning. You might find that you are being paid below average, so it’s important to know the market standard salary for your position. Information about salaries can usually be found online. Websites like Glassdoor can tell you exactly how much people with your title are earning within your company, as well as what they make at other companies. If you find that your salary is lower than the market rate, you could try asking for a raise. Always look at the total package before deciding to leave based on compensation. However, if you find that your benefits don’t make up for a lack in compensation, it may be time to start looking for a job that will offer you better pay.
Benefit Reductions/Poor Benefits
When companies go through changes such as restructuring, mergers, or acquisitions, it can sometimes reflect on employee benefits. Not only does this often signify instability within the company, a reduction in benefits can drastically effect employees. Once you’ve become accustomed to certain benefits it can be extremely difficult to give them up. If your benefits start getting cut or reduced, it may be time to begin a job search. A different company might be able to give you benefits similar to what you had before, or even better.
Favoritism & Company Politics
Poor management is one of the highest contributors to employee dissatisfaction and can cause higher than normal turnover due to a lack of engagement—and sometimes by creating a toxic work environment. According to a survey from the Georgetown University’s McDonough School of Business, 92% of senior business executives have seen favoritism at play in employee promotions. Favoritism can be extremely damaging to morale and could hurt your chances of succeeding within the company. If this is the case, it’s probably best to look for a new opportunity at a business with a healthier company culture.
There are many reasons one might decide it’s time for a job change. By carefully weighing the pros and cons of staying with your current company, your decision should become clearer. Whatever you decide, be sure to make the decision that is right for you.
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